Koppers Holdings Inc. · NYSE:KOP
Koppers — Q2 2026 Earnings Presentation
40 slides from Koppers's earnings presentation, August 2026
Slide 1: Q2 2026 Results
Q2 2026 Results KOPPER a)
Slide 2: Safe Harbor Statement
Safe Harbor Statement Certain statements in this presentation are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and may include, but are not limited to, statements about sales levels, acquisitions, restructuring, declines in the value of Kopp
Slide 3: Company Highlights
KOPPERS = Company Highlights
Slide 4: CMC Facility at Stickney, Illinois: Discontinue Distillation and Chemical Manufacturing Operations
CMC Facility at Stickney, Illinois: Discontinue Distillation and Chemical Manufacturing Operations Stickney, Illinois Nyborg, Denmark Final Production: September 30, 2026 (Target) Targeting September 30, 2026, for shifting production to coal tar distillation facility located in Nyborg, Denmark Evalu
Slide 5: Key Takeaways: Q2 2026
Key Takeaways: Q2 2026 HIGHLIGHTS CATALYST TRANSFORMATION • Implementing Organizational Design $71.0M Adjusted EBITDA ✓ Drive alignment across strategy, capital allocation priorities and 13.7% Adjusted EBITDA Margin transformation initiatives ✓ Enhance financial and operational $1.37 Adjusted Earnin
Slide 6: Zero Harm Update: Q2 2026
Zero Harm Update: Q2 2026 2026 vs. 2025 2026 Key Goals Leading Our Path to Zero: Activities 29% Rate • Reinforce 22 OUT OF 40 Foundational Accident-Free Elements Facilities Recordable 0% • Deploy Additional Injury Rate 0% Tools & Training • Drive Environmental Improvements • Europe PC Serious Safety
Slide 7: Notable Happenings
Notable Happenings ) N Ww KOPPER
Slide 8: 2025 Corporate Sustainability Report
2025 Corporate Sustainability Report • The report includes a look back at our 2025 achievements across People, Planet and Performance • Plus, a look ahead at our 2030 Sustainability Strategy centered around ✓ People ✓ Climate + Energy ✓ Products ✓ Supply Chain READ THE REPORT HERE 8
Slide 9: Koppers Earns a Spot on TIME's List of America's Best Companies
Koppers Earns a Spot on TIME’s List of America’s Best Companies • TIME partnered with Statista to evaluate and rank the top 1,000 companies across the country based on: ✓ Employee satisfaction ✓ Financial performance ✓ Sustainability transparency • Koppers earned the No. 737 spot on the list, placin
Slide 10: Invitation
I N V I TAT I O N Wednesday, September 16 Tour of Performance Chemicals Research & Development Lab 11:30 a.m. Eastern Time Executive Meet & Greet Reception 6 p.m. Eastern Time Company Overview Strategy and Financial Overview Thursday, September 17 Leroy Ball, Transformation Overview Eric Brenner, Ch
Slide 11: Q2 2026 Financials
KOPPERS = Q2 2026 Financials Ss
Slide 12: Q2 2026: Sales by Segment
Q2 2026: Sales by Segment (Unaudited) Sales vs. Prior Year $ in Millions 3.0% -1.8% 11.5% 2.3% 12
Slide 13: Q2 2026: Adjusted EBITDA by Segment
Q2 2026: Adjusted EBITDA by Segment (Unaudited) Adjusted EBITDA $ and % vs. Prior Year $ in Millions 15.3% 13.7% 22.4% 12.6% 19.0% 10.5% 16.2% 7.2% 13
Slide 14: Q2 2026 RUPS Segment
Q2 2026 RUPS Segment Sales (Unaudited) Adjusted EBITDA (Unaudited) $ in Millions $ in Millions Sales excluding the impact of • Profitability declined on higher raw acquisitions, divestitures, and material costs and lower foreign currency increased 2% led maintenance-of-way activity, by volume growth
Slide 15: Q2 2026 PC Segment
Q2 2026 PC Segment Sales (Unaudited) Adjusted EBITDA (Unaudited) $ in Millions $ in Millions Sales increased 10%, excluding Profitability increased 31% led by favorable foreign currency changes higher sales volumes and lower of $2.2M raw material costs Strong volume gains in all regions Raw material
Slide 16: Q2 2026 CMC Segment
Q2 2026 CMC Segment Sales (Unaudited) Adjusted EBITDA (Unaudited) $ in Millions $ in Millions Sales excluding the impact of PAA Profitability decreased due to: shut down and foreign currency ✓ Higher raw material, operating increased 4% led by higher and SG&A expenses of $9.2M volumes, primarily in
Slide 17: Capital Allocation
Capital Allocation
Slide 18: Uses of Cash: Balanced Approach
Uses of Cash: Balanced Approach Investing in Our Future Quarterly Dividend • $23.7M in net capital expenditures through • On August 5, Board of Directors declared 6/30/26 quarterly dividend of $0.09 per share • Expect $55M total capital expenditures (gross) in 2026 Share Repurchase Reducing Leverage
Slide 19: Declaring Quarterly Cash Dividend
Declaring Quarterly Cash Dividend August August September 8.5.26 8.28.26 9.14.26 Dividend Record Payment Declaration Date Date The Board of Directors approved a quarterly dividend of $0.09 per share of Koppers common stock. At this quarterly dividend rate, the annual dividend is $0.36 per share for
Slide 20: Business Sentiment
~- Business Sentiment « ery
Slide 21: State of the Business: PC Performance Chemicals
State of the Business PC: PERFORMANCE CHEMICALS 2026 Market Outlook (Prior): Current Market Outlook: • Volume increase of 15% compared to Q1 ’25 split between • Overall residential wood demand flat as expected, PC year- market share growth (9%) and customer inventory build over-year volume gains led
Slide 22: State of the Business: RUPS Utility and Industrial Products
State of the Business RUPS: UTILITY AND INDUSTRIAL PRODUCTS 2026 Market Outlook (Prior): Current Market Outlook: • Q1 demand for utility pole products 12% higher by volume • Organic demand was up 12.0% and 10.5% in Q2 and YTD, (9% organic) vs. prior year quarter; volume expected to respectively, com
Slide 23: State of the Business: RUPS Railroad Products and Services
State of the Business RUPS: RAILROAD PRODUCTS AND SERVICES 2026 Market Outlook (Prior): Current Market Outlook: • Q1 crosstie sales comparison to prior year impacted by • Unfavorable mix and lower average pricing more than offset unfavorable mix and average lower pricing benefit from higher year-ove
Slide 24: State of the Business: CMC Carbon Materials and Chemicals
State of the Business CMC: CARBON MATERIALS AND CHEMICALS 2026 Market Outlook (Prior): Current Market Outlook: • Overall carbon markets remain in turmoil • Carbon markets remain volatile overall ✓ Middle East conflict pushing oil and tar prices higher, while ✓ Middle East conflict driving oil and ta
Slide 25: Strategic Transformation | Catalyst
Strategic Transformation | Catalyst Koppers is in the final multi-year phase of our transformation process, Catalyst. Our Transformation Office has involved hundreds of individuals throughout the organization to identify, evaluate, scope, quantify, plan, and execute hundreds of Progress commercial a
Slide 26: 2026 Guidance
2026 Guidance (iil
Slide 27: 2026 Sales Forecast: $1.9B - $2.0B
2026 Sales Forecast: $1.9B - $2.0B Sales ($ in Millions) $2,100 ($20M)-$25M $1.9B-$2.0B $2,000 $55M-$85M ($15M)-$10M $1,900 $1.88B $1,800 $1,700 2025 RUPS PC CMC 2026 27
Slide 28: 2026 Adjusted EBITDA Forecast: $240M - $250M
2026 Adjusted EBITDA Forecast: $240M - $250M Adjusted EBITDA* ($ in Millions) $280 $17M-$20M $270 $260 $257M ($11M)-($8M) $240M-$250M $250 ($23M)-($19M) $240 $230 $220 2025 RUPS PC CMC 2026 * Excluding special charges 28
Slide 29: 2026 Adjusted EPS Forecast: $3.80 - $4.20
2026 Adjusted EPS Forecast: $3.80 - $4.20 Adjusted EPS* $5.00 $4.75 $4.50 $0.10 $4.25 $0.17-($0.05) ($0.04)- $0.02 $3.80-$4.20 $0.34-$0.40 $4.07 ($0.84)-($0.34) $4.00 $3.75 $3.50 $3.25 $3.00 2025 Operations Interest Taxes D&A Other 2026 * Excluding special charges 29
Slide 30: 2026 Free Cash Flow Forecast
2026 Free Cash Flow Forecast $190 $2M $175M $37M $170 $150 $12M $130 $7M $123M $120M $6M ($55M) $110 ($7M) ($12M) $90 $58M-$70M $70 ($55M)-($43M) $50 $30 2025 OCF Operations Interest Restructuring Pension Working Taxes 2026 OCF CAPEX 2026 FCF Dividend Share FCF for Debt (midpoint) Settlement Capital
Slide 31: 2026 Capital Expenditures
2026 Capital Expenditures ($ in Millions) Growth & CapEx by Business Unit Maintenance Zero Harm Productivity Total RUPS $19 $2 $4 $25 PC 5 7 5 17 CMC 9 3 --- 12 Corporate 1 --- --- 1 Total $34 $12 $9 $55 31
Slide 32: Appendix
Appendix ) N Ww KOPPER’
Slide 33: Non-GAAP Measures & Guidance
Non-GAAP Measures & Guidance This presentation includes unaudited “non-GAAP financial measures” as defined in Regulation G under the Securities Exchange Act of 1934, including adjusted EBITDA, adjusted EBITDA margin, free cash flow, adjusted EPS, net debt and net leverage ratio. Koppers believes tha
Slide 34: Unaudited Segment Information
Unaudited Segment Information Three Months Ended June 30, 2026 2025 (Dollars in millions) Net sales: Railroad and Utility Products and Services $ 245.9 $ 250.4 Performance Chemicals 168.2 150.8 Carbon Materials and Chemicals 106.0 103.6 Total $ 520.1 $ 504.8 Adjusted EBITDA: Railroad and Utility Pro
Slide 35: Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBITDA Margin
Unaudited Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBITDA Margin Three Months Ended June 30, Year Ended December 31, Twelve Months Ended 2026 2025 2025 June 30, 2026 (Dollars in millions) Net (loss) income $ (147.5) $ 16.4 $ 56.0 $ (86.9) Interest expense 15.0 17.3 66.1 62.2 Depr
Slide 36: Reconciliations of Net Income to Adjusted Net Income and Adjusted Earnings Per Share
Unaudited Reconciliations of Net Income to Adjusted Net Income and Diluted Earnings Per Share and Adjusted Earnings Per Share Three Months Ended June 30, Year Ended December 31, 2026 2025 2025 (Dollars in millions, except share and per share amounts) Net (loss) income $ (147.5) $ 16.4 $ 56.0 Adjustm
Slide 37: Reconciliation of Total Debt to Net Debt and Net Leverage Ratio
Unaudited Reconciliation of Total Debt to Net Debt and Net Leverage Ratio Twelve Months Ended June 30, 2026 (Dollars in millions) Total Debt $ 897.6 Less: Cash 40.7 Net Debt $ 856.9 Adjusted EBITDA $ 244.4 Net Leverage Ratio 3.5 37
Slide 38: Reconciliation of Operating Cash Flow to Free Cash Flow
Unaudited Reconciliation of Net Cash Provided by (Used In) Operating Activities to Free Cash Flow Three Months Ended June 30, Six Months Ended June 30, Twelve Months Ended June 30, 2026 2025 2026 2025 2026 2025 (Dollars in millions) Net cash provided by operating activities $ 50.0 $ 50.5 $ 96.3 $ 27
Slide 39: Koppers Holdings Inc. 436 Seventh Avenue Pittsburgh, PA 15219-1800
KOPPERS World Headquarters Pittsburgh, Pennsylvania, USA Koppers Holdings Inc. 436 Seventh Avenue Pittsburgh, PA 15219-1800 Koppers is an integrated global provider of essential treated wood products, wood preservation technologies and carbon compounds. Our team of approximately 1,800 employees crea
Slide 40: koppers.com
KOPPE koppers.com R — Mugu! —— \